The USDCAD price rises after reaching our expected target - Analysis-02-03-2026

The (USDJPY) rose in its last intraday trading, taking advantage of the dynamic and positive support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish corrective trend on short-term basis, especially with the trading alongside supportive trend line for this path, besides the emergence of positive signals from relative strength indicators.

GBPUSD declined in its last intraday trading, leaning on 1.3425 support, which represented an expected target in our previous analysis, gaining some bullish momentum that helped it to reduce some of its early losses, attempting to offload some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, amid the dominance of the bearish corrective trend on short-term basis, with its trading alongside supportive trend line for this path, besides dynamic resistance that is represented by the trading below EMA50, which reduces the chances of its full recovery on near-term basis.

Bitcoin’s price (BTCUSD) rose in its recent intraday trading, taking advantage of the stability of $65,000 support, which provided bullish technical momentum that helped it to achieve limited gains, these moves target offloading some of the oversold levels on relative strength indicators, especially with the emergence of positive overlapping signals that supports the likelihoods of the temporary recovery continuation.